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Three F, First Half Ordinary Profit Increases by 46%, Jun-Aug Ordinary Profit Increases by 53%
7544 Three F Co., Ltd. 【J-GAAP】
Earnings ReportThree F Co., Ltd. <7544> [TSE Std] announced its financial results after the market closed on October 9th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2026 (March to August) expanded 0.87 billion yen, an increase 46.5% compared to the same period last year. Progress toward the full-year plan of 1.34 billion yen was 64.9%, it was below the five-year average of 71.7%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow 14.9% from the same period last year, reaching 0.47 billion yen.
In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit increased 52.8% from the same period last year, reaching 0.52 billion yen. The operating profit margin significantly improved from 9.5% in the same period last year to 13.1%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar - Aug, 2023 | 7,035 | 470 | 473 | 111 | 14.7 | 51.8 | Oct 12, 2023 | J-GAAP |
| Mar - Aug, 2024 | 7,004 | 592 | 594 | 157 | 20.8 | 59.2 | Oct 10, 2024 | J-GAAP |
| Mar - Aug, 2025 | 7,613 | 864 | 870 | 249 | 32.9 | 64.9 | Oct 9, 2025 | J-GAAP |
| YoY | +8.7% | +45.9% | +46.5% | +58.6% | +58.2% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar - Aug, 2025 Guidance | 7,610 | 860 | 870 | 245 | 32.4 | 7 | Sep 19, 2025 | J-GAAP |
| Mar - Aug, 2025 Results | 7,613 | 864 | 870 | 249 | 32.9 | 7 | Oct 9, 2025 | J-GAAP |
| Revision Rate | +0.0% | +0.5% | 0.0% | +1.6% | +1.6% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Sep - Feb, 2024 | 6,912 | 405 | 409 | 132 | 17.5 | 5 | Apr 10, 2025 | J-GAAP |
| Sep - Feb, 2025 Guidance | 7,287 | 476 | 470 | 101 | 13.3 | 7 | Oct 9, 2025 | J-GAAP |
| YoY | +5.4% | +17.5% | +14.9% | -23.5% | -23.7% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Feb, 2024 | 13,857 | 909 | 914 | 217 | 28.7 | 10 | Apr 11, 2024 | J-GAAP |
| Feb, 2025 | 13,916 | 997 | 1,003 | 289 | 38.2 | 10 | Apr 10, 2025 | J-GAAP |
| Feb, 2026 Guidance | 14,900 | 1,340 | 1,340 | 350 | 46.2 | 14 | Sep 19, 2025 | J-GAAP |
| YoY | +7.1% | +34.4% | +33.6% | +21.1% | +20.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jun - Aug, 2024 | 3,591 | 342 | 343 | 85 | 11.3 | 9.5 | Oct 10, 2024 | J-GAAP |
| Sep - Nov, 2024 | 3,496 | 197 | 199 | 47 | 6.2 | 5.6 | Jan 9, 2025 | J-GAAP |
| Dec - Feb, 2024 | 3,416 | 208 | 210 | 85 | 11.3 | 6.1 | Apr 10, 2025 | J-GAAP |
| Mar - May, 2025 | 3,651 | 344 | 346 | 100 | 13.3 | 9.4 | Jul 10, 2025 | J-GAAP |
| Jun - Aug, 2025 | 3,962 | 520 | 524 | 149 | 19.7 | 13.1 | Oct 9, 2025 | J-GAAP |
| YoY | +10.3% | +52.0% | +52.8% | +75.3% | +74.9% |
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